Hardwoods Distribution Inc. (TSX: HWD) has acquired Rugby Architectural Building Products, combining two hardwood construction products companies and positioning the Canadian buyer for additional acquisitions.

Rugby’s seller, private equity firm Leading Ridge Capital Partners, had acquired the Concord, New Hampshire, company in 2011 and expanded the business with 16 add-on acquisitions. All told, Rugby has completed 17 acquisitions since 2009. The company’s ability to acquire businesses on attractive terms and integrate them successfully, and the fact that its management has identified a “robust pipeline” for future U.S. acquisitions, will help Hardwoods expand through its own acquisition strategy, according to Hardwoods.

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